Go to the web site of the Federal Reserve Bank of St. Louis (FRED) (fred.stlouisfed.org) and download

Question:

Go to the web site of the Federal Reserve Bank of St. Louis (FRED) (fred.stlouisfed.org) and download and graph the data series for the value of mutual fund shares owned by households (MFSABSHNO) from the first quarter of 1952 until the most recent quarter available. Go to the web site of the National Bureau of Economic Research (nber.org) and find the dates for business cycle peaks and troughs (the period between a business cycle peak and trough is a recession).
a. Describe how the value of mutual fund shares owned by households moves just before, during, and just after a recession. Is the pattern the same across recessions?
b. What factors can cause the value of mutual fund shares owned by households to change?

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The larger values later in the period mask the changes in the smaller values earlier in the period s...View the full answer

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Money, Banking, and the Financial System

ISBN: 978-0134524061

3rd edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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Question Posted: Jan 03, 2019 10:29 AM

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Go to the web site of the Federal Reserve Bank of St. Louis (FRED) (fred.stlouisfed.org) and download

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The larger values later in the period mask the changes in the smaller values earlier in the period s...View the full answer

Money, Banking, and the Financial System

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